As an integral member of the Ethereum community, Endaoment dedicates a portion of our operating budget to ETH. This is not only because of our optimism for its future value and the enormous potential it harbors for the global financial system, but because it's a critical component of our operations.
Our unique role as an onchain nonprofit inspires us to contribute more robustly to the crypto industry's progress. Today, we're elevating our commitment: we're excited to announce that five Endaoment Validators are now active and will be sustained by the Endaoment team going forward.
Energizing Ethereum's execution and consensus
We've committed a substantial amount of our ETH holdings as stake to empower these Ethereum validators. Our validators are critical in fueling Ethereum's execution and consensus mechanisms, bolstering the network, and representing our dedication to the Ethereum community.
To ensure our validators' operation aligns with our core values, we're employing Ethical MEV boost and an OFAC compliant relay.
Elevating our visibility and sustainability
Apart from community involvement, these validators also allow us to generate ETH yield. This yield will be redirected towards securing Endaoment's long-term funding. Therefore, our validators do more than just buttress the Ethereum network; they ensure our continued ability to make a significant global impact.
As we propose blocks, which most recently included this block via MEVBoost on the Eden Network, we anticipate increased recognition for Endaoment within the Ethereum community. This heightened awareness, we believe, will lead to a more vibrant, engaged, and diverse community that aligns with our mission.
Maximize your staking yield for impact
If you’re interested in using your own staking yield for a noble cause, consider designating a nonprofit's contract address on Endaoment as the suggested fee recipient on your consensus client. This move directs the execution income (block proposal rewards, tip fees, and MEV from block proposals) to your chosen organization as a donation.
Join us on this journey
Our validators mark a significant stride in our commitment to the Ethereum community and our goal of global impact, and we invite you to be part of this thrilling new chapter in our story!
For those wishing to stay updated on our validation journey, you can monitor our performance on beaconcha.in. You can also contribute your ETH to Endaoment at ndao.eth to help us add more validators!